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Archive for July 23rd, 2013

OANDA Partners with Autochartist to deliver innovative automated forex technical analysis

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  • New technical research solution integrates the power of Autochartist with OANDA’s award-winning fxTrade platform and MT4 offering
  • Clients benefit from unique fxTradeNOW functionality that enables them to trade directly from the analysis screen, for faster reaction to trading opportunities

SINGAPORE, July 22, 2013 /PRNewswire/ –OANDA has introduced a powerful new solution for currency traders who use technical analysis in their trading strategies. The pioneering retail forex dealer has partnered with Autochartist to develop OANDA Technical Analysis, an automated technical research application that is integrated with OANDA’s popular trading platform, fxTrade. It also has an optional MT4 plug-in for traders who use automated trading strategies.

OANDA Technical Analysis is available free to all OANDA trading clients (practice account users will have access for a limited time; analysis in the demo environment is delayed by five candlesticks). The software scans more than 10,000 market data points per minute to identify price trends and chart patterns. It then automatically alerts clients to potential trading opportunities as they emerge and enable them to trade directly from the analysis screen using OANDA’s unique fxTradeNOW feature.

“Trading forex is risky and traders often use technical analysis to look for price trends that help inform their decisions in this highly volatile market. OANDA Technical Analysis automates that process,” said Trevor Young, Senior Director of Product Management, OANDA. “It’s a powerful tool that helps traders include advanced technical analysis as part of their overall trading strategy, without the need to spend time developing complex algorithms. The solution’s large-scale automated market scanning and customizable auto-alerts help to call out potential trading opportunities that traders may otherwise overlook.”

Young added that the Autochartist-powered solution is the first to come from OANDA’s new industry partnership program.

“We are working with a select group of trusted partners, such as Autochartist, that complement our technology and enable us to enrich the trading experience we offer to clients,” he said. “The goal is to broaden OANDA’s offering through a software development ecosystem based on strategic partnerships with companies that share our values of fairness, transparency, and innovation.”

Ilan Azbel, President and CEO of Autochartist, said his firm is excited to be part of OANDA’s partner ecosystem and contributing to the development of innovative solutions.

“With OANDA Technical Analysis, OANDA has launched a revolutionary product that enables clients to execute trades from directly inside the application through integrated ‘fxTradeNOW’ functionality — this saves traders the time and hassle of launching a separate browser window to execute trades once they’ve done their technical analysis,” Mr. Azbel said. “It’s exciting for us that OANDA has plans to go way beyond our ‘vanilla’ offering to fully integrate the Autochartist API with their Java web and mobile platforms, bringing the power of our two platforms together for the benefit of traders.”

Note to Editors:


OANDA has transformed the business of foreign exchange through an innovative approach to forex trading. The company’s award-winning online trading platform, fxTrade, introduced a number of firsts to the marketplace, including instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second.

In 2012, OANDA was named “Best Forex Provider” by the Financial Times and by Investors Chronicle; “Best FX Broker” by Forex Magnates; and was recognized by Investment Trends Singapore as providing best “Value for Money” and “Highest Overall Client Satisfaction”.

OANDA was also among the first to provide free, comprehensive online currency exchange data. Today the company’s OANDA Rate® data are the benchmark rates for corporations, auditing firms, and global banks.

The company has five offices worldwide, in Chicago, London, Singapore, Tokyo, and Toronto. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), and the Japanese Financial Services Agency (FSA).

This information is made available to you by OANDA Asia Pacific Pte Ltd. The information on this material is not directed at residents of the United States, nor it is intended for distribution to, or use by, any person in any jurisdiction, where such distribution or use is contrary to local laws or regulations.

About Autochartist

Autochartist is one of the world’s leading automated technical analysis providers. Autochartist’s proprietary technology allows it to monitor thousands of financial instruments 24 hours per day and uncover potential trading opportunities. Autochartist’s research is grounded in technical studies that gauge psychological behaviour in the markets. Research produced by Autochartist can be used across a wide range of instrument classes by trend traders, swing traders, short and long term traders. The mathematical approach applied makes Autochartist a leading source of unbiased technical opinion and potential trading opportunities.


Hoffman Agency for OANDA Asia Pacific
Jacintha Ng
Direct: +65-6361-0250

Source: OANDA

Written by asiafreshnews

July 23, 2013 at 5:38 pm

Statement on Marte Dalelv by Al Mana Interiors, W.L.L. Spokesperson Hani El Korek

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DOHA, Qatar, July 22, 2013 /PRNewswire/ — Hani El Korek, spokesperson for Al Mana Interiors W.L.L., today released the following statement:

“We are sympathetic to Marte Dalelv during this very difficult situation. Al Mana Interiors has repeatedly offered Marte support and company representatives were by her side throughout the initial investigation and police interviews, and spent days at both the police station and the prosecutor’s office to help win her release.

“Company representatives have been supportive and in communication with Marte throughout her ordeal. Only when Ms. Dalelv declined to have positive and constructive discussions about her employment status, and ceased communication with her employer, was the company forced to end our relationship with her. The decision had nothing to do with the rape allegation, and unfortunately neither Ms. Dalelv nor her attorneys have chosen to contact the company to discuss her employment status.

“We continue to be open to helping Ms. Dalelv and extending her resources during the Dubai legal process. We are hopeful that we can resume a positive discussion about the assistance she needs during this difficult time.”

Source: Al Mana Interiors W.L.L.

Written by asiafreshnews

July 23, 2013 at 10:50 am

Posted in All releases

Geely and Belarus Sign Agreement on Large Automobile Assembly Project

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BEIJING, July 22, 2013 /PRNewswire/ — Zhejiang Geely Holding Group (“Geely Group”) today announced that it has signed an agreement to establish a joint venture agreement on the establishment of a large automobile assembly project with the Belarusian government, marking the implementation of the first automotive joint venture between China and Belarus.

According to the terms of the agreement, Geely Group, along with BELAZ, the world’s second-largest mining machinery company, and SOYUZ, a large-parts production joint venture, will form the closed joint stock company BELGEE. The new venture, with a planned annual production capacity of 120,000 units, will produce Geely automobiles in Belarus, starting with the SUV-EX7, the Geely SC7, SC5 and the LC-CROSS.

The Geely SC7 has been available in Belarus since March this year, and the SUV-EX7 is expected to be available by the end of 2013. The project’s production capacity and product line will subsequently be expanded to allow it to supply Russia, Ukraine and the wider CIS[1] market.

Geely Auto has undergone rapid overseas expansion in recent years, and exports to overseas markets are expected to continue to increase. It is now the fastest-growing automobile exporter in China, with sales to the Russian and Ukrainian markets particularly strong. Between January and June this year, Geely Auto recorded sales of 14,886 and 6,739 units in Russia and Ukraine respectively, giving it the largest presence of any Chinese automobile brand in those markets. The Geely-Belarus joint venture agreement will both promote the development of the Belarusian automobile industry and provide Geely with a platform from which to expand its presence in the CIS market, representing an important step in the company’s overseas ambitions.

[1] The CIS, or Commonwealth of Independent States, includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbekistan, as well as participating members Turkmenistan and Ukraine.
Source: Zhejiang Geely Holding Group Co., Ltd.

Written by asiafreshnews

July 23, 2013 at 10:44 am

Ayeyarwady Bank Limited Offers Western Union(R) Services in Myanmar

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Consumers can now receive Western Union® international money transfer at over 280 Agent locations (Note 1) in 13 of Myanmar’s 14 states and divisions
YANGON, Myanmar /PRNewswire/ — Ayeyarwady Bank Limited (AYA Bank) and The Western Union Company (NYSE: WU), a leader in global payment services, jointly launched Western Union® Money TransferSM services at all of the 38 AYA Bank branches in Myanmar.
Chris Cruzado, regional vice president, Oceania & Indochina, Western Union, presents the Western Union world map during the launching ceremony in Yangon, Myanmar
Chris Cruzado, regional vice president, Oceania & Indochina, Western Union, presents the Western Union world map during the launching ceremony in Yangon, Myanmar
Consumers can receive their Western Union® transactions at over 280 locations (Note 1) in Myanmar, covering 13 of the 14 states and divisions, within minutes (Note 2)after it is sent.
As part of the agreement, AYA Bank will add 60 bank branches to its retail network within two years, with all of them offering the Western Union Money Transfer services.
“We welcome AYA Bank and are delighted to have this fast-growing financial institution joining and expanding our global Agent network to help bring the world to every corner of Myanmar,” said Chris Cruzado, regional vice president, Oceania & Indochina, Western Union. “Together, we will allow millions of Myanmar citizens here and overseas to access remittances with speed, reliability and convenience.”
“We are honored to collaborate and be associated with a strong global brand Western Union, offering our customers in Myanmar a much-needed service to receive international remittances from over 200 countries and territories (Note 1) around the world,” said U Phyo Aung, Chief Executive Officer, AYA Bank.
“The addition of the Western Union service offering to AYA Bank’s full range of banking products and services will help further our goals to better serve our customers and sustain long-term growth for the bank and our stakeholders.”
Since Western Unionservice launch in Myanmar in January this year, consumers from 107 countries and territories including Australia, Canada, Japan, Malaysia, Singapore, Thailand, UAE, US, UK and other European countries, have used Western Union to send money into Myanmar.
Western Union was the first global money transfer operator to offer international money transfer services in Myanmar after investment and trade sanctions were eased in 2012.
1. Network data as of March 31, 2013.
2. Funds may be delayed or services unavailable based on certain transaction conditions, including amount sent, destination country, currency availability, regulatory and foreign exchange issues, required receiver action(s), identification requirements, Agent location hours, differences in time zones, or selection of delayed options. Additional Restrictions may apply. See Send form for details.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of approximately 515,000 agent locations in 200 countries and territories and approximately 100,000 ATMs. In 2012, The Western Union Company completed 231 million consumer-to-consumer transactions worldwide, moving US$79 billion of principal between consumers, and 432 million business payments. For more information, visit
About Ayeyarwady Bank
Ayeyarwady Bank received its banking license from the Central Bank of Myanmar on 2 July 2010 and began operations on 11 August 2010. The bank is a full service bank and has is a license authorized dealer bank handling both domestic and international banking services.
Since its inception the bank has grown steadily with the number of branches increased to 41, ATMs to 50 and customer deposits growing exponentially to over USD400 million as at July 2013. This is testimony to the bank’s success in winning over the confidence among the public. It is now considered one of the leading banks in Myanmar.
The bank continues to extend its branch network throughout Myanmar focusing on building relationship with customers, ensuring excellent customer service and to provide the full range of both domestic and international products and services coupled with development to of electronic channels. To support the business strategy, the bank leverages on technology as the enabler, invest in its human capital and to continue strengthening the governance, risk and compliance structure as a measure to ensure balance and sustain growth.
AYA mission is to be recognized as the leading bank in Myanmar through pursuit of excellent and long term sustainable growth for the bank and its stakeholders.
Source: Western Union

Written by asiafreshnews

July 23, 2013 at 10:29 am

Posted in Uncategorized

PayPal Unveils the Modern Spice Routes

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US$105bn global cross-border shopping market

– Cross-border payments between six key markets expected to grow 200% by 2018

– Argentina, Russia and Israel are fastest growing export markets on PayPal platform

– Five new types of cross border shoppers identified

– Protection and trust are key drivers for cross-border transactions

SINGAPORE,July 23, 2013 /PRNewswire/ — With the global economy still struggling, businesses and exporters can help increase their revenue by waking up to cross-border sales opportunities reveals new PayPal and Nielsen data released today.

PayPal Unveils Modern Spice Routes and US$105 Billion Economic Opportunity for Cross-Border Shopping
PayPal Unveils Modern Spice Routes and US$105 Billion Economic Opportunity for Cross-Border Shopping

The report titled ‘Modern Spice Routes: The Cultural Impact of Cross-Border Shopping’ analyzes cross-border online shopping spend and behavior in six major markets — the United States, the United Kingdom, Germany, Australia, mainland China and Brazil.  It maps for the first time the new spice routes – those corridors of online trade between consumers buying directly from merchants in different parts of the world. Research report and video testimonials are available for download at

The report reveals amazing insights about cross-border shoppers, and their payments preferences, to enable businesses and exporters to take advantage of this multi-billion dollar opportunity:

  • In the six markets analyzed, cross-border online shopping will be worth US$105 billion this year, with 94 million consumers regularly buying from overseas websites.
  • By 2018, this will increase nearly 200% to US$307 billion with 130 million cross-border online shoppers.
  • Online merchants from the United States (45%) are the most popular market for those surveyed to buy from, followed by the United Kingdom (37%), mainland China (26%), Hong Kong (25%), Canada (18%), Australia (16%) and Germany (14%).
  • Top purchase categories for cross-border shoppers across these 6 markets are: clothes, shoes and accessories (US$12.5 billion); health and beauty products (US$7.6 billion); personal electronics (US$6.0 billion); computer hardware (US$6.0 billion); jewelry, gems and watches (US$5.8 billion); and home electronics (US$5.4 billion).
  • Top reasons for shopping online from overseas merchants are: “buying online to save money” (80%) and “more variety that cannot be found locally” (79%). Cross-border shoppers are not just looking for an online discount, but also searching overseas for high-quality, authentic items.
  • Safety and trust are key drivers with 9 out of 10 claiming buyer protection is critical.

“Cross border trade is nothing new.  Our local stores are filled with goods from around the world. What is new is how easy it has now become for consumers to shop online directly from merchants around the world and the massive opportunity that represents,” said David Marcus, President, PayPal. “The emergence of these ‘modern spice routes’ is great news for businesses the world over. Our message to merchants is if you are looking for new ways to grow your sales, especially in an economic downturn, start selling directly to 94 million cross-border shoppers in these 6 markets and own a piece of this US$105 billion market.  For consumers, paying for items in a different currency or country has never been easier and we help make it safer with our buyer protection policy* available in 193 markets worldwide.”

Mike Walsh, an independent futurist, has analyzed the research findings. He says: “Throughout history, wherever goods have been traded, their exchange has had a cultural, as well as a commercial impact. And while in ancient times spices and silks from the East influenced the food and fashions of the West, today’s picture is more complex, with micro-cultures springing up side by side as individuals express themselves in different ways by shopping in a virtual, global marketplace.”


Wake-up call for Asian businesses to sell and export online to cross-border shoppers

Millions of large merchants, small businesses and exporters across Asia can sell directly to these 94 million cross-border shoppers and tap into this US$105 billion market opportunity. For example, the research shows that cross-border shopping demand for Chinese products from the other five markets is worth RMB67.9 billion in 2013 and expected to grow to RMB144 billion by 2018. Chinese businesses can use cross-border e-commerce to meet overseas consumer demand as follows:

  • 39% of American cross-border shoppers will purchase USD7.9 billion (RMB49.7 billion) worth of Chinese goods in 2013.
  • 23% of British cross-border shoppers will purchase GBP795 million (RMB7.4 billion) worth of Chinese goods in 2013.
  • 31% of Australian cross-border shoppers will purchase AUD911 million (RM5.2 billion) worth of Chinese goods in 2013.
  • 17% of German cross-border shoppers will purchase EUR476 million (RMB3.8 billion) worth of Chinese goods in 2013.
  • 48% of Brazilian cross-border shoppers will purchase R$655 million (RMB1.8 billion) worth of Chinese goods in 2013.

PayPal’s own data, released for the first time, shows that online exports on its global payment platform continue to grow strongly as traditional export sectors for many economies slow down. Cross border trade today is about a quarter of PayPal’s total payment volume with new online export corridors fast emerging.(1)

  • Argentina is the number 1 or 2 fastest growing opportunity for exporters in the US (72% growth); China (103% growth) and Brazil (117% growth).
  • Russia is one of the five hottest export opportunities for businesses in the US (41%), UK (36%), Germany (75%), Australia (67%), China (55%), and Brazil (168%).
  • Israel is one of the fastest growing markets for exporters in the US (34%), UK (51%), Australia (55%), China (73%), and Brazil (77%).

New Cross Border Shopping Tribes Identified

  • Fearless Adventurers: Like to be different and are always on the hunt for new overseas websites.  Love shopping on their mobile devices and are happy to pay more for unique items not available locally. Do 30% of their shopping on overseas websites.
  • Efficient Explorers: Busy people, so convenience is very important. Mostly buy from overseas sellers whom they know and trust, and will spend a lot for an online purchase, like entertainment or air tickets.
  • Value Voyagers: Love shopping and keeping track of the latest trends.  Check and compare overseas purchases using their favorite online tools to ensure they find the best quality and good value products.
  • Safety Seekers: Shop online more for leisure, but like the variety and brands found on overseas websites. Careful about what they buy and only shop from trusted online sellers or those with a return policy.
  • Deal Hunters: Don’t shop online very often and when they do they mostly buy from their own country’s websites. If they spot a bargain or lower price on overseas websites, they will snap it up.

Be Safer Not Sorry

The research also highlighted the top concerns for consumers buying from overseas merchants:

  • Nearly 7 out of 10 (69%) cross-border online shoppers cite fear of identity theft and fraud as the main deterrent against making a cross-border online payment.
  • Meanwhile, 9 out of 10 (88%) cross-border online shoppers believe that buyer protection is important or very important when making an overseas online purchase, with the highest response rates from shoppers in emerging markets.

Survey Methodology

Commissioned by PayPal, The Nielsen Company conducted a research study to develop a greater understanding of the cross-border online shopping market and habits of consumers in six key markets around the world: the United States, the United Kingdom, Germany, Australia, mainland China and Brazil. The research was conducted online and surveyed more than 6,000 cross-border online shoppers across these six markets, aged 18 and above, from May 27 to June 12, 2013.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows people to send payments without sharing financial information, with the flexibility to pay using their account balances, bank accounts (where available), credit and debit cards in various markets. PayPal is an eBay company and enables global e-commerce with over 132 million active accounts in 193 markets and 25 currencies around the world. PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore. More information about the company can be found at

* Buyer protection is available for eligible purchases if you meet our requirements.

(1) Growth data compares full year 2012 to 2011


  • A PDF of the ‘Modern Spice Routes’ report and factsheet are available
  • Photography and infographics are also available as hi-res jpgs
  • Broadcast quality video is available on request
  • Case studies of cross-border online shoppers and merchants are available

Add media contact details:

Dickson Seow
PayPal Asia Pacific

Rebecca Lansdell
The Hoffman Agency

Source: PayPal

Written by asiafreshnews

July 23, 2013 at 9:43 am

TripAdvisor Names Anne Bologna as Vice President, Brand Strategy

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SINGAPORE, July 19, 2013 /PRNewswire/ — TripAdvisor™, the world’s largest travel site, today announced the appointment of Anne Bologna to the position of vice president, brand strategy. In the new global role, Bologna will lead TripAdvisor’s brand vision efforts along with television and offline advertising and will report to the chief marketing officer, Barbara Messing.

Bologna was previously the managing director at MDC Partners in New York City, where she was responsible for a portfolio of companies that included advertising, branding and research agencies. Bologna has marketing experience working on some the world’s top brands, including Starbucks, Virgin, Pepsi, Amazon Kindle and Citibank.

“Anne brings a passion for brand building and remarkable breadth of marketing experience to TripAdvisor and we’re thrilled to have her on board,” said Messing. “We look forward to seeing her creativity in action to engage and inspire our community as well deliver new audiences to our site.”

Prior to joining MDC, Bologna was a founding partner and CEO of independent advertising agency Toy. One of the agency’s most celebrated campaigns, “Elf Yourself” for OfficeMax, achieved unique notoriety when it spread virally to reach 200 million people in less than six weeks. Before founding Toy, Anne spent much of her 25 years in the advertising business at Fallon, including serving as the president of their New York office.

Anne has been featured in Fast Company, co-hosted “Ad Fight,” a reality show pilot for NBC’s Oxygen Network, and in 2008, was named a “Woman to Watch” by Advertising Age. She is a guest lecturer at Columbia University and one of a group of industry leaders who co-authored the book, “The 22 Immutable Laws of Advertising and How to Break Them.” In 2009, Anne received the “Changing the Game Award” — an honor given by Adweek and Advertising Women of New York to honor women who’ve reinvented their businesses to meet today’s challenges.

“I’m thrilled to join TripAdvisor at this dynamic time,” said Bologna. “TripAdvisor is an extraordinary brand that’s uniquely powered its community of millions that continue to provide the lifeblood of the site. It’s a rare opportunity to be a part of a company as they embark on this important next stage.”

Bologna will be based in TripAdvisor’s headquarters in Newton, Massachusetts. For more information on TripAdvisor, visit

About TripAdvisor
TripAdvisor® is the world’s largest travel site*, enabling travelers to plan and have the perfect trip. TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and planning features with seamless links to booking tools. TripAdvisor branded sites make up the largest travel community in the world, with more than 200 million unique monthly visitors**, and over 100 million reviews and opinions covering more than 2.5 million accommodations, restaurants and attractions. The sites operate in 30 countries worldwide, including China under TripAdvisor also includes TripAdvisor for Business, a dedicated division that provides the tourism industry access to millions of monthly TripAdvisor visitors.

TripAdvisor, Inc. (NASDAQ: TRIP) manages and operates websites under 20 other travel media,,,,,,, and

*Source: comScore Media Metrix for TripAdvisor Sites, worldwide, April 2013

**Source: Google Analytics, worldwide data, May 2013

©2013 TripAdvisor, Inc. All rights reserved.

Source: TripAdvisor

Related stocks: NASDAQ-NMS:TRIP

Written by asiafreshnews

July 23, 2013 at 9:30 am

Posted in All releases, Travel